The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Minnesota, challenging the state's recent ban on prediction markets. The lawsuit targets Governor Tim Walz, Attorney General Keith Ellison, and Director of Public Safety Jon Anglin, following the passage of SF 4760, which prohibits the operation and promotion of prediction market platforms like Kalshi and Polymarket. The CFTC argues that the ban infringes on its exclusive jurisdiction over prediction markets as outlined in the Commodity Exchange Act. The agency is seeking a court order to prevent the enforcement of Minnesota's law, which was set to take effect on August 1.